Soybeans - Long Idea.

Updated

I think there will be a supply and demand issue with soybeans. The China trade issues heating up. I see upside on this tasteless little bean.

I probably wont trade this, laying out the technicals here, I have a wide stop as things could get real hairy.

That is a 2.2:1 RR.
Gets your stop below that $8 level. And the price target below a weekly 200 EMA.

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And there it is...a few days later a trade issue with soybeans..let's see what happens with the price. Not in a Trade.

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Seeing upside. Still not in this trade for various reasons.

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Keep on keepin' on

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big up day

Trade closed: target reached

Good enough for this cat

MattArmstrong

I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.

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